Lituus (85.99)

January 2010

3

High inventories and weak demand spell price declines for oil. This is a bummer for me as I am long oil but I am bullish on it for the long-term so I will be looking to add to my positions if we get down to $60 or $65 per barrel. The point below about China's 2009 oil demand being artificially inflated due to stockpiling is very interesting. [more]

3

Here's more justification on my short of US retail (see earlier blog posts). The 2009 holiday shopping season turned out a bit better than I had expected but I still am a believer that US retail will go nowhere for the next year or two. In the grand scheme of things, this is a great trend for the country but in the short term it paints a lackluster economic picture. [more]